
Major Markets of Compostable Polymer Materials
2024-05-09 14:39• Agricultural and fishery (mulch films, pots for transplanting, fishing lines and nets),
• Civil engineering and construction (sand bags, flora sheets, curing sheets),
• Leisure goods (golf tees, marine sports, and mountain climbing),
• Food packaging (trays for perishable food, fast-food containers),
• Packaging (kitchen garbage, composting bags, bin liner bags, shopping bags),
• Textile goods (clothes, mats),
• Daily use (pen cases, disposal shavers),
• Electronic (electronic equipment cases),
• Automotive industry (car parts).
According to the technical market research report, Biodegradable Polymers from BCC Research, the global market for biodegradable polymers, reached 245 million kilograms (541 million pounds) in 2022. This was expected to increase to over 545 million kilograms (1203 million pounds) by 2022, a compound average annual growth rate of 17.3%. This report breaks the market down into applications of compost bags, loose-fill packaging, and other packaging, including medical/ hygiene products, agricultural and paper coatings, and miscellaneous. Of these, compost bags have the largest share of the market. At nearly 110 million kilograms (242 million pounds) in 2022, this segment was expected to reach 266 million kilograms (586 million pounds) by 2022. Loose-filled packaging has the second largest share of the market. At an estimated 73 million kilograms (162 million pounds) in 2022, this segment was expected to reach 97 million kilograms (214 million pounds) by 2023.